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tv   News  Al Jazeera  August 24, 2015 7:00am-7:31am EDT

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♪ from asia to australia and now europe, global stock markets tumble as fears deepen about the economic slow down in china. ♪ hello again, i'm in doha. thousands of refugees arrive in serbia, the latest stop on their desperate journey into eu countries. guatemala's president takes to the air waves to announce he won't resign but on the streets people are demanding just that. and calling on the kremlin thousands of crimea sign a petition asking moscow to help
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fight corruption. ♪ hello, stock markets around the world are sliding following a big sell off across asia and european markets are all now trading in the red, london has fallen below the 6,000 mark wiping more than $46 billion off the value and began in china, the world's second largest economy and stocks plunging to an eight-year low and adrian brown has more from beijing. >> reporter: sell off began in minutes of the stock exchange opening and at one point it fell 9% and recovering only slightly. some of china's biggest companies and the world's biggest are listed here. on monday the government announced a new and risky intervention to try and prop up the market by using billions of dollars from the state pension fund but it failed to stop the slide. >> translator: how can the
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markets drop everyday like this? one, two, three, four, five. the market dropped for five days and it never rose back. >> reporter: many borrowed to buy shares and are now being forced to sell those shares to pay back the loans. >> translator: the chinese market aims to eliminate the middle class. after eliminating the middle class the middle class will have no purchasing power and the market won't be flourishing. >> reporter: the value of their pensions could be at risk if the markets decline continues. >> translator: i think they can consult it properly and wants to spend all the pension money on the stock market. >> reporter: reassuring investors but everything it tried to rescue the market has failed and since june the shanghai index lost more than 30% of its value and analysts warn the decline is likely to
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continue. once more the drop in chinese shares dragged down markets across the asia pacific region, the main reason a fear that the slow down in china's economy is worst than the government is letting on. the hong kong index followed the mainland sharp decline closing down more than five points and the region's biggest stock market tokyo ended five points lower as well and south korea closed down 2%, the sixth consecutive lost and australia suffered the biggest one-day fall in years down by more than 4%. what all these markets desperately need but don't have is investor confidence. adrian brown. al jazeera, beijing. simon smith is the chief economist for fx pro-london and explains why the slide in chinese stocks is having such an impact in the rest of the world's markets. >> look back at how china was
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integrated in the world economy in the last 5-7 years and take the countries and u k over ten years and exports increased 300 and exports to china 200 and japan up 50% over the period and china went to a consumer-led economy and the west benefitted from that versus the commonty exporters such as australia and the way they geared towards china because put them in a more vulnerable position than was the case even 5-7 years ago so it can get quite a bit worse if china continues to fall and we don't see any corrective measures from the government. the chinese stock market is not like any other stock market in the world. it's more of a casino than anything else. a lot of the companies are state controlled to varying degrees and a lot of retail participation versus institutional pension fund in europe and america and uk and it's a very different market and
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chinese authorities key in the increase we saw in terms of what we have of leverage that was offered and it's much harder to sort of then offer that on the down side as many investors have been under water because of that. >> reporter: now the u.n. says 7,000 refugees have arrived in serbia from macedonia since saturday. the influx comes after macedonia reopened its southern border with greece and earlier it declared a state of emergency sealing the crossing and say it couldn't cope with the numbers of refugees trying to enter the eu and we are on the serbia side of the border with macedonia. >> reporter: i saw one camp which is roughly one kilometer behind me which is guarded by the police but have not seen barb wire or any fence and have not seen any kind of tensions roughly around 100 serbia police officers and border police and several hundred of migrants.
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what is happening that those people are being gathered there at that location and then being taken on foot to the location right behind me and as you can see there is a one u.n. hcr bus and another one is just coming this way and these buses are taking and shipping these refugees and illegal migrants from this place to a town which is something like five kilometers north from here. i've seen a number of relatively happy faces among refugees and among migrants because apparently they are happy because they crossed another hurdle on their trip and on their way to the eu and they feel macedonia is behind them. and that horrible ordeal which happened a couple days ago with macedonia and the greek border is also behind them and feel relatively safe and also know until from here to eu there is only one more border ahead. and i think that is the very good sign for them.
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they are happy because of that. >> many of those refugees say they want to end up in germany which is expecting about 800,000 asylum seekers this year. but they might not be welcome after an increase in attacks on refugees and asylum centers there. vice chancellor gabrielle is there after being targeted over the weekend. center of unrest for days over the newly-opened center for asylum seekers and 30 police have been injured since friday trying to protect the site from rioters. antiprotesters in lebanon called off their rally planned for monday and people in beirut assessing the damage after two flights of clashes with police. the protests were sparked by a waste management crisis and now focusing on the wider issue like corruption. three american and one british
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citizen have been given france's highest accumulate and presented with an legion of honor metal at his residence and they received the metals for their bravery in stopping an armed gunman on a train on friday. guatemala's president molina told the nation in a televised address he won't step down and under pressure to leave offices after allegations he has been involved in customs fraud. >> translator: the same strength and character which i deny my involvement i cannot help but recognize this has happened in my government ab -- and my officials and obliges me to ask for forgiveness and from my heart and ask that the guatemala people forgive me. i reaffirm i will not resign and fully submit myself to the legal
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processes. good night and may god bless you. >> the president addressed follows weeks of public protests calling for his resignation. his former vice president is already in custody and facing serious corruption charges. david mercer has the story. >> reporter: thousands of guatemala people were back on the streets saturday as the nation's political crisis continued to deepen. waving the national flag filled the central plaza demanding the country's president resign. >> translator: you are destroying our country. you need to go to jail. >> reporter: on friday former vice president was arrested and taken to a military prison. and suspected of fraud, bribery and a list of association in connection to a criminal network that allegedly stole millions of dollars from the state. guatemala's attorney general said on friday it was highly probable that the president
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molina also participated in the scam. prosecutors have asked them to begin a process to strip the president of his immunity. in response to the news, two cabinet ministers resigned, adding to the list of senior government officials who have quit, been fired or arrested because of the corruption scandal. >> translator: you all know what led to this and what was announced by the public minute industry and the u.n. backed anticorruption commission, we are disappointed by these results and say under the principles and values we maintained in positions throughout these almost four years because of those same principles and values we are no longer to continue in our positions. >> reporter: president molina came to power in 2012 on promises of eliminating corruption and while he has denied any wrongdoing any guatemala people think he must step down. >> translator: the president should resign. i think that for the good of
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guatemala, for the peace in guatemala he should resign and put himself at the disposition of the justice system to ease the situation. i think it's the only way out that he has left. >> reporter: general elections are just two weeks away but with members of the leading political party also accused of corruption and evidence of illicit t campaign contributions many guatemala people say they need a change. david mercer, al jazeera, guatemala. still to come on al jazeera they are fighting the same enemy but their sectarian tension within iraqi forces in the battle for ramadi. plus. i'm in kuala lumpur where an ancient river is getting a new leash on life. ♪
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open your eyes to a world in motion. ♪ hello again, the top stories on al jazeera, stock markets around the world are sliding after a big sell off in china, stocks there plunges to an eight-year low and european markets are all trading in the red. the u.n.'s refugee agency says 7,000 refugees have arrived in serbia from macedonia since saturday. the influx comes after macedonia reopened its southern border with greece. guatemala's president molina told the nation in a televised address he won't step down and under pressure to leave over allegations he is involved in a corruption scandal. the islamic state of iraq and levante have blown up one of
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syria's most important ancient sites, the temporal of baal shamin in palmyra was bombed on sunday and it was captured in may and began the destruction of many of the city's antiquities and blew up two shrines in june they said were pegan and sacreligious, in iraq 15 killed by iraq forces in anbar and three policemen killed in a september incident three car bombs shaktar targeted soldiers killed 18 people and facing strong resistance from aisle in -- i.s.i.l. and have been leading the fight but shia fighters are being kept back from the front line as dana reports. >> reporter: a newly-formed force made up of thousands of iraqi soldiers and sunni volunteers has been trying to advance into the i.s.i.l. controlled city of ramadi and
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many received u.s. training and defense minister who visited the troops was in a defiant mood but reality on the ground is different. dozens killed in ambushs over resent days and it's proving to be a difficult fight. this battle is an important test for the government whose army and police units abandon their positions when i.s.i.l. entered the capitol in may. washington has reportedly asked prime minister abadi not to use malitia men to secure sunni territories to avoid worsening sectarian tensions and known as the popular mobilization forces were immediately deployed to anbar and ramadi fell and it was a request from the government and were not able to stop i.s.i.l.'s advances and one of the commanders of the forces feels there are attempts to stop them. >> translator: some western embassys should review their positions, we won't allow anyone
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to interfere with internal affairs, this is a red line. >> reporter: he is an influential man and has been leading the fight against i.s.i.l. and his brigade is here and belongs to a party that has a strong presence in parliament. >> translator: number one man in the popular mobilization forces and prime minister abadi or anyone else cannot marginalize him and it's a military institution and the u.s. is worrying about its strength especially in the post i.s.i.l. phase. it wants to contain its power in numbers and he has pressured abadi to do it. >> reporter: malitias have become stronger than state and army, the popular mobilization forces is believed to number around 100,000 men. they were given official status by the government which pays some of their salaries. they have largely replaced the army and the provinces and even
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here in baghdad and thousands of its forces are in anbar and newly-trained troops are close to ramadi but the government continues to rely on shia forces rounds another i.s.i.l. stronghold, the city of fallujah as well as supply routes and it's expected to be a long fight, not just in anbar but weaken the malitias who have capitalized on the failings of the iraqi army, al jazeera, baghdad. marathon talks between north and south korea are trying to defuse tensions between the two countries. hundreds of right wing south korea protesters had an antinorth rally on the border of north korea and chanted slogans against the lead r kim jung-un and want them to apologize for the blast that killed two
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soldiers. >> reporter: we had low e -level talks with north and south and lasting 15 and 16 hours but this is a differently different order and the second session of talks comes after a first session which itself lasted ten hours. obviously the sex of talks which last this long are not unbroken and hope the people are getting sleep now and then to break off and contact the capitals but the fact they are talking for so long at least suggests they are trying to come to some kind of agreement but it also suggests that it's very difficult to do so and it's hardly surprising given the fact that south korea through the president on monday made its bottom line pretty clear and the president saying she wanted north korea to make a clear apology, accept responsibility for a land mine attack which happened in the demille tarry zone earlier this month seriously injuring two south korean soldiers. north korea rejected any responsibility for that already and demanded the loudspeaker set
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up for retaliation across the border stop and threatening to attack the loudspeakers and trying to get some resolution between those positions is going to be very difficult. as well as that south korea defense ministry confirming that it believes the 50 of north korea's 70 submarines left their basis and as well as that artillery has doubled since the talks began. saudi arabia has reported 51 new cases of middle east respiratory syndrome or mers and discovered in a hospital in the capitol riyadh and 15 are medical staff, the largest number of new cases reported in the kingdom this year. since mers was first discovered in 2012 saudi arabia has had the most infections. the ebola epidemic in west africa could soon be over, one of the worst effected countries sierra leone will release its
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last ebola patient from the hospital on monday. liberia had no known cases for several weeks. but guinea is still on alert with up to three new cases being reported each week. in nepal there are concerns that victims of april's earthquake are being targeted by human traffickers but the u.n. says this is not a new phenomenon, some 7,000 nepal women and girls are trafficked to india every year and we report from kathmandu. >> reporter: kathmandu central bus stop is a constant buzz of activities and among them are human traffickers who prey on young girls and women and she came after her house was destroyed by april's earthquake. a man she knew who visited her village promised her a job in dubai. >> there were ten other girls with me. we were four in one bus and five in another. and he would call us on our phones. he said he had to go to the indian border to organize a
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place for us for the night. >> reporter: the trafficker kept their passports and told the girls they would get it back in india once the visa was stamped and they were rescued on way to indian border earlier this month. to protect them the girls and women are ban from getting employment in many countries in the middle east but activists say that the result of this ban is women seeking work abroad are forces to travel through india putting them at a greater risk of being trafficked and unicef estimates more than 7,000 of girls have been trafficked to india every year. in the past women and children trafficked from nepal have ended up as sex slaves in india and estimated 200,000 of these are still in india and brussels but as the trend has changed the traffickers take the girls to the middle east and some as far as africa.
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>> translator: police and our colleague have come to kathmandu's bus stop to check on suspicious activities. since the past earthquake almost four months ago 246 women and children have been intercepted by the police trying to travel to india but detectives say it's not yet clear whether the earthquake has led to an increase in trafficking. >> translator: people from the earthquake are in areas they have been displaced to and the possibility is there but so far our register is reporting it has not increased. we still need to wait a few months to see that and once they will come back or return here or their family will realize, okay, they have been sold. >> reporter: she said she would have tried to go abroad with or
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without the earthquake. and activist we talked to all said that unless they make legal and safe ways for girls to go and work abroad, traffickers will keep targeting them, al jazeera, kathmandu. it's been over a year since russia and annex crimea and a sign in relations between moscow and administration there. people in crimea are complaining about corruption and as rory challenge reports the kremlin may be using this as a chance to flex its authority. >> reporter: their contempt is as sharp as the razor wire dumped in their cliff top villages and they come in the night to pull the paths and pull down cables and shut off water supply to houses. this they are convinced is all part of an illegal land grab by corrupt local officials for the development of luxury homes along this dramatic coastline.
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>> translator: all the people who have prop and influence in crimea during ukrainian times, rich people quickly became part of the russian system and can successfully protect their interests, they don't want to change anything like their plans to seize land here. >> reporter: fighting back all over crimea using video and social media to raise the profile of their campaign. and throughout the region signatures are being gathered for an anticorruption petition to be sent to president vladimir putin, 15,000 or so people have signed it so far. but it seems like the kremlin is already paying attention. putin's visit last week included an instruction to crimea prime minister sergei fedorov's administration to throw out the bad apples. these are the faces of crimea officials already charged by federal authorities with a list of crimes from accepting bribes to embezzlement of federal tax
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money, some were personally accepted by him and the security agency, the fbs is sending an obvious warning. >> translator: the federal authorities are seriously concerned about the way things are in crimea for one simple reason, the fsb or the federal structure dealing with state security and the challenges we see in crimea are a challenge to russian statehood. >> reporter: the last thing the kremlin wants is for the peninsula's administration to play by its own rules but the chairman of crimea's public chambers denies there is a rift with moscow. >> translator: there are instances where crimea elite have not fully followed the rules and regulations. it's difficult to switch from ukrainian practice to russian ones and maybe it caused i don't want to say conflict but some local disputes. >> reporter: hundreds of millions of dollars annually in federal investment and subsidies are being pumped into crimea and many crimea people hopes joining
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russia would put behind them the years of corruption and crumbling infrastructure but they are still waiting. rory challenge, al jazeera, crimea. a powerful typhoon hit the japanese island southwest of the island and flipped cars and knocked down posts and the typhoon has battled the philippines where landslides and flash floods left at least 15 people dead. may slaysha is transforming the capitol into one of the most livable series in the world and this is water week and we go to the waterways of kuala lumpur long used as dumping grounds for waste. >> reporter: a hidden oasis on the outskirts of kuala lumpur. this is where jeanie lee grew up chasing fish and insects in the clear waters of the klang river, now as an adult she spends her time trying to preserve this
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pristine environment. >> you can never see this any more in malaysia. >> reporter: after decades of neglect dozens of volunteers like jeanie are cleaning up the clang and gong bank rivers through kuala lumpur and their work is part of the government's plan to revive 110 kilometers of the city's rivers. here in their neighborhood they have had remarkable success but downstream this natural wonder land turns into an open drain. >> unfortunately all the time people have disconnected their life from the river and that has led to the current status of the river and they have all been seen as this portal channel. >> reporter: as the city has grown these rivers have turned into a dumping grounds for factories, construction sites and even homes. but in 2010 the government
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launched the river of life project aimed at rejuvenating this area into a center for work and recreation. it might not look like much at the moment but this entire river front is ear marked for redevelopment. the government is spending more than a billion dollars but they are hoping this investment will spare tourism and business opportunities. officials say they aim to recoup the funds they are spending through the sale of land once the project is complete and trends suggest their returns will be lucrative. >> 2011 to now the land use that the government owns or even around the areas that are privately owned has increased by 50% and that is a major, major and positive development for us. >> reporter: by the time construction is complete in five years, developers are confident that the project will generate billions of dollars for the state.
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but the benefits for the environment may well be priceless. al jazeera, kuala lumpur. and of course you can keep up with lots more on our website, al for viewers in the u.s. your morning news is next, for everyone else the international headlines. >> markets tumble across the globe as worries in china wipe billions off stack exchanges. signs point to sell offs in the u.s., too. >> three americans receive france's highest honor. >> clear skies could spell even more danger in the weather.